ePayRails secures USD 2.45 mln in Series A funding round

Monday 5 August 2019 09:59 CET | News

ePayRails, a US-based PaaS provider, has announced that it secured USD 2.45 million through its Series A funding round led by Aspire Fund Management.

Founded in 2018, ePayRails enables billers and payers to control the way they make and receive payments. The company aims to convert legacy paper-based invoicing and payment processes to real-time electronic systems that provide a rapid exchange of data.

The investment round’s funds will be used for further technological development of the ePayRails Payment Hub, expand sales and marketing capabilities, and invest in back-office client support.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ePayRails, payments, Aspire Fund Management, PaaS
Countries: World